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The Egyptian Minister of Planning Othman Mohammed Othman asserted that a new five-year economic development plan would be launched in the fiscal year 2002/2003. The plan has two chief goals—beating recession and re-stimulating the national economy, reported Al-Hayat . The new plan requires 70-75 billion Egyptian Pounds in investments, of which EP30 billion are to be provided by the government, while the remaining EP40 billion are expected to be derived from private sector initiatives. — (menareport.com)